# North American Grain and Oilseed Review:Canola finds traction | The Western Producer

> ICE canola futures closed higher on Friday, supported by the Canada-China tariff agreement, spillover from MATIF rapeseed and Chicago soy, and a stronger Canadian dollar. Canadian canola exports for the week were 288,200 tonnes, but cumulative exports remain nearly 1.9 million tonnes below last year.

- Date: 2026-01-23 · published 2026-01-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/9483-north-american-grain-and-oilseed-review-canola-finds-traction-the-western
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Improving canola exports and firmer futures reflect the easing of Chinese tariffs, though cumulative shipments still lag year-ago levels. Soyoil and crude strength also support vegetable oil prices.

## Read by commodity

- SBO: bullish ▲
- WTI: bullish ▲
- CANMEAL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CANMEAL | 2026-01-26 | 1 | +5.0% | 3.6 | ICE canola rallied on the Canada-China tariff agreement, soy spillover and a firmer Canadian dollar, directly lifting the canola complex into the window. |

## Sources

- producer.com: https://www.producer.com/market_update/north-american-grain-and-oilseed-reviewcanola-finds-traction/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.